Playtika (NASDAQ:PLTK) Shares Up 10.8%

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) were up 10.8% on Thursday . The company traded as high as $8.63 and last traded at $8.59. Approximately 182,525 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 939,968 shares. The stock had previously closed at $7.75.

Analyst Upgrades and Downgrades

PLTK has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price target on shares of Playtika from $11.00 to $8.75 and set a "neutral" rating on the stock in a research note on Tuesday, February 27th. Bank of America lowered Playtika from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $11.00 to $8.00 in a research note on Thursday, January 18th. Wedbush dropped their target price on Playtika from $14.75 to $11.50 and set an "outperform" rating on the stock in a report on Tuesday, February 27th. Morgan Stanley reduced their target price on Playtika from $10.00 to $7.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus lowered their price objective on Playtika from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.43.

Playtika Stock Up 14.5 %

The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.15 and a beta of 0.79. The company's fifty day moving average is $7.12 and its two-hundred day moving average is $7.72.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.07). The business had revenue of $637.90 million during the quarter, compared to analysts' expectations of $630.26 million. Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The company's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Sell-side analysts predict that Playtika Holding Corp. will post 0.69 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, March 21st. Playtika's payout ratio is currently 62.50%.

Institutional Investors Weigh In On Playtika

Several hedge funds have recently modified their holdings of the stock. Quent Capital LLC raised its holdings in Playtika by 109.1% during the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company's stock worth $27,000 after purchasing an additional 1,613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Playtika in the third quarter worth $33,000. International Assets Investment Management LLC lifted its holdings in Playtika by 772.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,924 shares of the company's stock valued at $34,000 after acquiring an additional 3,474 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Playtika during the 1st quarter worth $82,000. Finally, Commerce Bank purchased a new position in shares of Playtika in the 4th quarter valued at about $88,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.